Pal/Aitken: The Future of The ECB
Real Vision’s own Raoul Pal and James Aitken discuss the ECB, and the future plans for preventing fragmentation in Europe going forward. Aitken elaborates, saying that the ECB is receiving very cheap funding, and talks about their balance sheets. They then talk about bonds, and how there is a “colossal” amount of bonds to be issued. Aitken and Raoul discuss how the next few quarters are likely to be tough ones, with the possibility for Great Depression like numbers. They end by discussing a variety of topics, such as treasury securities and yields.
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